Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) Short Interest Down 33.3% in April

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ - Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,600 shares, a decrease of 33.3% from the March 31st total of 3,900 shares. Based on an average daily trading volume, of 15,700 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Nuveen Arizona Quality Municipal Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Saba Capital Management L.P. increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 1,619.4% during the 3rd quarter. Saba Capital Management L.P. now owns 180,171 shares of the investment management company's stock worth $1,735,000 after purchasing an additional 169,692 shares in the last quarter. Matisse Capital increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 21.9% during the 4th quarter. Matisse Capital now owns 148,851 shares of the investment management company's stock worth $1,594,000 after purchasing an additional 26,718 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 8.9% during the 4th quarter. Wolverine Asset Management LLC now owns 99,280 shares of the investment management company's stock worth $1,063,000 after purchasing an additional 8,149 shares in the last quarter. Robinson Capital Management LLC increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 6.2% during the 4th quarter. Robinson Capital Management LLC now owns 70,472 shares of the investment management company's stock worth $756,000 after purchasing an additional 4,087 shares in the last quarter. Finally, AQR Arbitrage LLC increased its holdings in Nuveen Arizona Quality Municipal Income Fund by 199.0% during the 3rd quarter. AQR Arbitrage LLC now owns 58,882 shares of the investment management company's stock worth $567,000 after purchasing an additional 39,192 shares in the last quarter. Institutional investors own 15.28% of the company's stock.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NAZ remained flat at $10.55 during trading hours on Friday. 9,600 shares of the company were exchanged, compared to its average volume of 19,219. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $9.22 and a 1-year high of $11.07. The company's 50 day moving average is $10.86 and its 200-day moving average is $10.55.

Nuveen Arizona Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.0425 per share. This represents a $0.51 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Friday, April 12th.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.

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